Yearly Archives: 2017

While the financial services industry evaluates the Department of Labor’s Fiduciary Rule and its eventual implementation, the fiduciary standard itself has long been the norm for Registered Investment Advisors such as Pinnacle Advisory Group. Like CPAs, and in keeping with standards set by the CFP Board, we are charged with providing personalized financial advice that…

I have been a financial advisor for more than 30 years. During that time, I have worked with clients who have prepared their own taxes, those who work with CPAs I have never spoken to or worked with, and those who work with CPAs with whom I have a professional relationship. My preference is to develop a working relationship with the client’s CPA because I find it to be the most beneficial for the client.

One frequent concern accountants have when considering offering wealth management is whether or not such a move would create an ethical problem or a conflict of interest. The American Institute of CPAs’ (AICPA) Code of Professional Conduct states that an accountant cannot refer a product or service to a client for a commission if the…

In our last blog, we explored the value of offering Financial Services and what should be considered in evaluating the opportunity. Your goal should be to broaden the menu of services available to your clients while increasing your value as their trusted advisor.

For the last two decades, CPAs and accounting firms across the country have expanded their menu of services to include financial products and services, financial planning, and in recent years, wealth management.

Choosing a financial advisor to work with your clients is like selecting a business partner: This person will be working with your clients and helping to shape their financial lives. It is important that you select one or more firms that can meet the needs of your clients and deliver their services effectively.